The Latest Breaking News from Inflation

US Weekly Jobless Claims Fall, But Remain Elevated

Weekly jobless claims drop, but continuing claims rise, indicating challenges in job market amid inflation control measures.

Top News · Jul 25, 2024

Why This Economist Thinks the Fed Is Already Late to Cut Rates

Moody's Analytics chief economist Mark Zandi talks to Kiplinger about what he thinks the Federal Reserve is getting wrong on inflation.

Kiplinger · Jul 25, 2024

Grattan on Friday: Eyes are on Sunday’s reshuffle but government’s fears are about Wednesday’s inflation number

After Thursday’s announcement that cabinet ministers Linda Burney and Brendan O'Connor were stepping down from the frontbench, all public attention came on to the reshuffle to be unveiled on Sunday.

The Conversation · Jul 25, 2024

3 Low P/E Stocks With Strong Growth Prospects

With easing inflation and possibilities of interest rate cuts, investors can rely on stocks like Viatris (VTRS), Open Text (OTEX), and Goodyear Tire & Rubber (GT) with strong growth prospects, trading at affordable prices. Keep reading.

StockNews.com · Jul 24, 2024

3 High-Momentum Stocks Set to Continue Rallying

Amid strong business trends, easing inflation, and potential Fed rate cuts, investing in high-momentum stocks could enhance short-term gains. Therefore, investors could consider buying stocks like PulteGroup (PHM), W. R. Berkley (WRB), and Toll Brothers (TOL) as they look well-positioned to maintain their momentum. Read more.

StockNews.com · Jul 24, 2024

As Canada cuts rates, RBA doves come home to roost

After hitting inflation hard and early, the Bank of Canada is already cutting rates while their dovish Australian counterparts contemplate another rate hike.

AAP · Jul 24, 2024

3 Consumer Discretionary Stocks to Buy on the Dip

The consumer discretionary industry is set for significant growth due to the global economic rebound, easing inflation, shifting consumer behavior, and increasing luxury needs. Hence, investors could consider buying fundamentally strong consumer discretionary stocks such as McDonald’s (MCD), NIKE (NKE), and Starbucks (SBUX) on the dip. Read on.

StockNews.com · Jul 24, 2024

Stocks Plunge on Disappointing Tesla and Google Earnings News and Chip Weakness

The S&P 500 Index ($SPX ) (SPY ) today is down -1.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.97%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.60%. Stocks are trading sharply lower on disappointing earnings reports late Wednesday from Tesla (TSLA...

Barchart · Jul 24, 2024

Dollar Falls on Weak US Economic Reports and Lower T-note Yields

The dollar index (DXY00 ) is down -0.24% on lower T-note yields and weak US economic reports. The 10-year T-note yield is down -2.3 bp at 4.227%. The preliminary-July S&P US manufacturing PMI fell by -2.1 points to 49.5, which was substantially weaker than expectations of unchanged at 51.6. The...

Barchart · Jul 24, 2024

Stocks Fall on Disappointing Tesla and Google Earnings

The S&P 500 Index ($SPX ) (SPY ) today is down -1.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.92%. Stocks are trading lower today on disappointing earnings reports late Wednesday from Tesla (TSLA...

Barchart · Jul 24, 2024